SoftBank in talks to put money into FreeCharge

Japan’s SoftBank Corp, the largest shareholder in Snapdeal, is in talks to invest in FreeCharge, the digital payments unit of the online marketplace. The round is expected to see FreeCharge, which competes with Alibaba backed Paytm, take in $150-$200 million (Rs 1,000 crore-Rs 1,350 crore) with support also coming in from other investors.